A nondescript summer Monday as the Dow gained 27 points on light volume.  The advance/declines were barely negative.  The summation index is still moving up.  Bank earnings will dictate the week most likely.  It is options expiration week but if today is any indication it will be a yawner.  No SPY trades in mind at the moment.  GE lost a dime on light volume.  Gold rose three bucks and the US dollar was slightly higher.  The XAU and GDX finished little changed.  I'm still hoping to get some longer term calls there.  Technical conditions remain overbought.  Mentally I'm feeling OK.  Not much else to report here.  Barring a headline out of the blue, it appears that we will be on hold until the Fed at the end of the month.  Earnings will move things company specific, however I'm not sure what the overall effect on the S&P will be.  No urgency to trade here.  The overbought condition favors the puts in my mind since we've been overbought for quite a while.  It's a condition that won't last forever.  The VIX at such a low level favors complacency though.  Like I said, there's no rush to trade here.  A lot of players are out on summer break as well.  Asia was mixed and Europe higher to start the week.  We'll keep an eye on the overnight developments.